An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty products. The ruling by the West …
Aon Risk, Allied North America Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in the …
If you’re waiting for a hard market, you’ll be out of business. The revolution is underway. In the simplest terms, no one wants to do anything they don’t want to do. If this sounds overly innocent, it isn’t. The supermarket …
The insurance industry got a reprieve in late December when the state Senate adjourned without taking up legislation passed by the House of Representatives that carriers say would have stripped insurers of underwriting tools, including credit-based insurance scoring, used to …
Few Nebraska lawmakers participating in an Associated Press survey say they support legislation making liquor license holders liable for serving intoxicated customers who leave their establishments and hurt themselves or others. But one lawmaker has plans to introduce a proposal …
Protective Specialty Indianapolis, Ind.-based Protective Specialty has created a new Professional Liability Division, which joins the company’s portfolio of nationwide products by offering Miscellaneous Professional Liability. A subsidiary of Protective Insurance Company, which is rated “A+” (Superior) by A.M. Best, …
The Rise of Kansas City-based Ascension Insurance Len Kline and his business partners, the private equity firms Parthenon Capital and Century Capital Management, had an ambitious goal when they created Kansas City, Mo.-based Ascension Insurance Inc. in late 2007. They …
The Ohio Department of Insurance reports that auto insurance rates in that state declined for the third consecutive year but homeowners rates have risen slightly. The department based its assessments on data released by the National Association of Insurance Commissioners …
No Warren Buffett “The heart and soul of what insurance companies should be is underwriting companies. I mean, I tell people there’s only one Warren Buffett, and I’m not him.” —Fred Eppinger, CEO of Worcester, Mass.-based The Hanover Insurance Group, …
Happy New Year. It’s time to rewind, re-evaluate how you did in 2009, and make resolutions for 2010. I’m not big on making resolutions I know I won’t keep — like sticking to an overly ambitious exercise regime. But the …
